Silver

After beginning 2018 with great optimism and a strong rally right out of the starting gate, the junior mining sector has fallen on hard times. The TSX-Venture Composite is the worst performing global stock exchange of 2018 with a nearly … Continued

Three weeks ago when GDX was trading around $17.90 I wrote a post titled “Why I Bought Gold Miners Today” in which I presented the concept that the gold miners were potentially all “sold-out” and ripe for a rally. Since that day … Continued

321gold founder Bob Moriarty gets it right more often than not. He absolutely nailed the top in Bitcoin in December 2017 and he’s called about 5 or 6 of the last 7 important turning points in gold stocks during the … Continued

I can’t recall a time in my 15 years in the market in which there was more noise flying at market participants from all directions. Never has it been more important to be selective of what and whom one listens … Continued

The Commitments of Traders reports (CoTs), for the week ending July 11th, which were released yesterday showed some remarkable shifts in market participant positioning in precious metals futures: Gold (Weekly – CoTs) Large spec positioning in gold futures hasn’t … Continued

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There is an intriguing situation developing in the silver market: Silver futures open interest has increased to nearly 220,000 contracts (nearly US$20 billion notional), within 6,000 contracts of last August’s peak Producers have moved to a larger short position (~US$6 … Continued

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Precious metals have had a strong rally since reaching the worst sentiment on the sector in more than 20 years in mid-December: Gold/Platinum/Silver Performance 12/16/2016-2/23/2017 Silver is up 13.51%, gold is up 10.63%, and platinum is up 10.13%. However, the … Continued

Yesterday we saw the first real rally of any significance in gold since early November. Gold futures open interest also experienced its largest 1-day increase since September 6th (more than 11,000 contracts). After the beat down that gold has gotten … Continued

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One month ago Bob Moriarty, Founder & Editor of 321gold, stated in no uncertain terms that we were in for a deeper correction in the precious metals space before we would reach a monumental buying opportunity. We ended up with … Continued